MANAMA, 6 January 2008 — The European operations of Abu Dhabi Investment House (ADIH) will begin in the new year, as the bank officially opens its first European office in Geneva, Switzerland. The office will provide a premium one-stop shop service for predominantly Middle East investors in Geneva, providing them with convenient accessibility to ADIH’s diverse portfolio of products and services.
The opening of the ADIH Geneva (SA) office, 100 percent owned by ADIH, is a significant milestone in ADIH’s development, as it marks the start of the ADIH’s expansion outside the Middle East. Based on customer demand, ADIH’s expansion plan will accommodate the needs of a large client base that lives in Europe and all over the Middle East.
Once the Geneva operations have begun, the office will serve as a platform from which additional offices will be established all over Europe. The selection of Switzerland as the point of entry for ADIH’s European expansion is based on the country’s stable environment and sophisticated financial services sector, its high volume of business traffic among Middle Eastern and international investors and its high living standard. ADIH Geneva SA’s premises are at 13 Rue de Rhone with easy access for its customers.
The opening was attended by Rashad Janahi, CEO, ADIH, Dominique Wagner, GM, ADIH Geneva, Matthew James, COO, ADIH, as well as members of ADIH board of directors, senior officials and members of the financial community in Geneva.